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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas. Vigeo Eiris, an arm of Moody’s Corp.,

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Law firm Akerman launches EV infrastructure-oriented legal team – Charged EVs

Baua Electric

One of these new units is the Electric Vehicle Infrastructure Team, which “provides its clients, including businesses, municipalities and universities, with the diverse legal services needed to further the transportation transformation for automated, connected and electric vehicles.”

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Eos Energy launches $500M Project AMAZE with $398.6M conditional loan guarantee from DOE; long-term zinc-based storage

Green Car Congress

The streamlined Eos Z3 battery module design features an aqueous electrolyte, bipolar electrodes, and a polymer casing. The Eos Z3 battery contains predominately American components and is specifically designed for mass production and meeting low-cost, long-duration, grid-scale stationary energy storage needs.

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Li-Cycle receives conditional commitment for $375M loan from DOE ATVM program

Green Car Congress

The conditional commitment follows DOE technical, market, financial and legal due diligence and marks another significant milestone endorsing Li-Cycle’s development of the first commercial hydrometallurgical resource recovery facility in North America, located near Rochester, New York. Li-Cycle Holdings Corp.

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Capgemini and Audi launch XL2 joint venture to support digital transformation of auto industry

Green Car Congress

XL2 is designed to enable end-to-end digital manufacturing, covering all central. processes, including production planning, logistics, finance, maintenance, quality and materials management. Projects of the legally independent entity are to be carried out for Audi.

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Porsche expanding open source software initiative; FOSS

Green Car Congress

In addition to the Open Source Office, employees from the vehicle development, corporate IT and legal departments, as well as Porsche Digital, were involved in the development of the FOSS Movement. Over the past two years, we’ve made remarkable strides and firmly anchored the use of open source within the company.

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FTC Launches “Combating Auto Retail Scams” Rule

The Truth About Cars

The Federal Trade Commission (FTC) has announced the finalization of the new Combating Auto Retail Scams (CARS) rule designed to prevent auto dealers from utilizing bait-and-switch tactics and hidden junk fees. What’s more, now they can point to specific legal provisions that will help protect them in the process.

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